b>GNCP - The evidence is hidden in ex-clearing. Th
Post# of 807
Quote:
No one ever said that Market Makers do not engage in Bona Fide Market Making, it has universally been understood. As I said they did so under SEC Rule 203, do you have anything to show they didn't? The accusation that is floated on this ticker and every OTC ticker is that MMs Abusively Naked Short the stock and never deliver as required. The incident cited just proved that accusation incorrect, as they did so at a loss. But it isn't a surprise as most of us knew that since there are actual reports to reference that already had PROVEN they are compliant. But hey why not throw that specific incident into the mix to further prove the point that they do not abusively naked short stocks... thanks for pointing it out....lol
As to the 3 or 4 other cases, well they were tens of millions of stock in play not tens of billions of stock in play like this turd. The market only had a limited number of shares in it, unlike this with 10-13 billion shares in the market as disclosed. The fact that no such ticker with a share structure like GNCP has ever had such an occurrence is in fact proof it will never happen here... ever!
So thanks again for providing yet more evidence to the fact that MMs do comply with Reg SHO and reporting is in fact 100% accurate - BigBake1
It has also been established that those hiding naked short interest in ex-clearing are breaking securities rules and regulations, even with the help of ex-SEC agents helping to navigate through the loopholes.
Thanks again for confirming that GNCP, and at least 4 other OTC Pinks have followed the same abusive short selling and manipulative trading/reporting patterns.
Short sellers not reporting, or reporting that there are no short positions is very helpful.
Good Luck!